CURRENT ANALYSIS

current geopolitical analysis

The following is from a trusted source. Hope the analysis is correct, but that the timing for the end of the resistance to change is shorter than projected.


Multiple sources are reporting that as of October 17th, 2014, the Dragon

family has taken over control of the international operations of the Federal

Reserve Board and that as a result, the cabal’s ISIS and ebola campaigns,

which were negotiating tactics, will be wound down.

Under the deal, the United States, Europe and England, respectively, will be

issuing their own domestic currencies.

However, the world’s reserve currency will no longer be controlled by the families that used to own the Fed, the sources, including pentagon and CIA officials, said. A Chinese government source was unable to confirm that a deal had been reached. Nonetheless, he did note that China, Indonesia and Japan had been printing dollars of their own under the old regime but that all new creation of dollars world-wide will stop in October.

This implies that any new currency issued internationally will be something

other than dollars; most likely a basket of currencies centered on the Chinese

yuan.

A British MI5 source, for his part, says “Europe is in no condition to make

any agreements based on the future use of the Euro. Italy, France and Germany all need to expedite the issuance of domestic currency and this is now a recognized fact.”

Moreover, there are still major power groups, notably in the Middle East and

the US, that are unwilling to accept this deal, dragon family sources say. As

a result, geopolitical turbulence is expected to continue until the final

resistance groups are subdued and controlled.

A dragon family member says they will push for complete cabal defeat by the

Chinese lunar New Year , which falls on February 19th in 2015.

A high level “G7 source” independently confirmed that as a result of the new deal, “The New Economic System will be developed founded on the truth

namely that there is Abundance of resources, not scarcity.” If a deal has been reached at the highest levels of Eastern and Western esoteric power, then there will be many public signs appearing.

Published on Oct 17, 2014 This is one we've been waiting for! Yes, the

Ambassador confirms that the Family is now the lawful owner of the Federal

Reserve that has waged war on humanity for over 100 years. They are responsible for operating the largest and most oppressive criminal operation, an extortion racket and human slave trade, in the history of the world. They totally failed in their mandate to serve humanity; and their mandate has not been renewed.

Instead, steps are being taken to transform society, restoring people's natural rights along with principles of limited government (Republics) outlined in the founding documents of the united States in America. Again, he admonishes us to look in the mirror and to stop aggression, greed and the illusion of self importance.

Hale Ali'i > It's true, they have taken control.

I have a close source that states as of last week it is done. The Rothchilds are no longer in control and dragon family has paid our trillions in debt. We just have to ride it out another little bit and this will all become transparent to the entire planet.

I just choose to believe they are correct because for the past year everything

I have been told ahead of time has come to fruition. Crossing my fingers and

toes.... :)

FOREX

WATCH THE FOREX THIS WEEK FOR RESET. DINAR & DONG ARE SUPPOSE TO SHOW UP. GREEN LIGHT FOR GOING TO THE BANK

Easy way to keep up with the Forex Exchange Rates. Notice these are out of CDT with time posted.

IQD - Dinar at: http://www.barchart.com/quotes/forex/%5EUSDIQD

VND - Dong at: http://www.barchart.com/quotes/forex/%5EUSDVND

Saturday, November 24, 2012

IMF's epic plan to conjure away debt and dethrone bankers


How to eliminate the public debt...

IMF's epic plan to conjure away debt and dethrone bankers    

Posted 21 October 2012 - 02:43 PM
http://www.telegraph...ne-bankers.html

So there is a magic wand after all. A revolutionary paper by the International Monetary Fund claims that one could eliminate the net public debt of the US at a stroke, and by implication do the same for Britain, Germany, Italy, or Japan.

Posted Image

One could slash private debt by 100pc of GDP, boost growth, stabilize prices, and dethrone bankers all at the same time. It could be done cleanly and painlessly, by legislative command, far more quickly than anybody imagined.
The conjuring trick is to replace our system of private bank-created money -- roughly 97pc of the money supply -- with state-created money. We return to the historical norm, before Charles II placed control of the money supply in private hands with the English Free Coinage Act of 1666.

Specifically, it means an assault on "fractional reserve banking". If lenders are forced to put up 100pc reserve backing for deposits, they lose the exorbitant privilege of creating money out of thin air.
The nation regains sovereign control over the money supply. There are no more banks runs, and fewer boom-bust credit cycles. Accounting legerdemain will do the rest. That at least is the argument.
Some readers may already have seen the IMF study, by Jaromir Benes and Michael Kumhof, which came out in August and has begun to acquire a cult following around the world.

Entitled "The Chicago Plan Revisited", it revives the scheme first put forward by professors Henry Simons and Irving Fisher in 1936 during the ferment of creative thinking in the late Depression.  Irving Fisher thought credit cycles led to an unhealthy concentration of wealth. He saw it with his own eyes in the early 1930s as creditors foreclosed on destitute farmers, seizing their land or buying it for a pittance at the bottom of the cycle.

The farmers found a way of defending themselves in the end. They muscled together at "one dollar auctions", buying each other's property back for almost nothing. Any carpet-bagger who tried to bid higher was beaten to a pulp.

Benes and Kumhof argue that credit-cycle trauma - caused by private money creation - dates deep into history and lies at the root of debt jubilees in the ancient religions of Mesopotian and the Middle East.

Harvest cycles led to systemic defaults thousands of years ago, with forfeiture of collateral, and concentration of wealth in the hands of lenders. These episodes were not just caused by weather, as long thought. They were amplified by the effects of credit.
The Athenian leader Solon implemented the first known Chicago Plan/New Deal in 599 BC to relieve farmers in hock to oligarchs enjoying private coinage. He cancelled debts, restituted lands seized by creditors, set floor-prices for commodities (much like Franklin Roosevelt), and consciously flooded the money supply with state-issued "debt-free" coinage.

The Romans sent a delegation to study Solon's reforms 150 years later and copied the ideas, setting up their own fiat money system under Lex Aternia in 454 BC.

It is a myth - innocently propagated by the great Adam Smith - that money developed as a commodity-based or gold-linked means of exchange. Gold was always highly valued, but that is another story. Metal-lovers often conflate the two issues.
Anthropological studies show that social fiat currencies began with the dawn of time. The Spartans banned gold coins, replacing them with iron disks of little intrinsic value. The early Romans used bronze tablets. Their worth was entirely determined by law - a doctrine made explicit by Aristotle in his Ethics - like the dollar, the euro, or sterling today.

Some argue that Rome began to lose its solidarity spirit when it allowed an oligarchy to develop a private silver-based coinage during the Punic Wars. Money slipped control of the Senate. You could call it Rome's shadow banking system. Evidence suggests that it became a machine for elite wealth accumulation.

Unchallenged sovereign or Papal control over currencies persisted through the Middle Ages until England broke the mould in 1666. Benes and Kumhof say this was the start of the boom-bust era.

One might equally say that this opened the way to England's agricultural revolution in the early 18th Century, the industrial revolution soon after, and the greatest economic and technological leap ever seen. But let us not quibble.
The original authors of the Chicago Plan were responding to the Great Depression. They believed it was possible to prevent the social havoc caused by wild swings from boom to bust, and to do so without crimping economic dynamism.

The benign side-effect of their proposals would be a switch from national debt to national surplus, as if by magic. "Because under the Chicago Plan banks have to borrow reserves from the treasury to fully back liabilities, the government acquires a very large asset vis-à-vis banks. Our analysis finds that the government is left with a much lower, in fact negative, net debt burden."
The IMF paper says total liabilities of the US financial system - including shadow banking - are about 200pc of GDP. The new reserve rule would create a windfall. This would be used for a "potentially a very large, buy-back of private debt", perhaps 100pc of GDP.

While Washington would issue much more fiat money, this would not be redeemable. It would be an equity of the commonwealth, not debt.

The key of the Chicago Plan was to separate the "monetary and credit functions" of the banking system. "The quantity of money and the quantity of credit would become completely independent of each other."
Private lenders would no longer be able to create new deposits "ex nihilo". New bank credit would have to be financed by retained earnings.

"The control of credit growth would become much more straightforward because banks would no longer be able, as they are today, to generate their own funding, deposits, in the act of lending, an extraordinary privilege that is not enjoyed by any other type of business," says the IMF paper.

"Rather, banks would become what many erroneously believe them to be today, pure intermediaries that depend on obtaining outside funding before being able to lend."

The US Federal Reserve would take real control over the money supply for the first time, making it easier to manage inflation. It was precisely for this reason that Milton Friedman called for 100pc reserve backing in 1967. Even the great free marketeer implicitly favoured a clamp-down on private money.

The switch would engender a 10pc boost to long-arm economic output. "None of these benefits come at the expense of diminishing the core useful functions of a private financial system."

Simons and Fisher were flying blind in the 1930s. They lacked the modern instruments needed to crunch the numbers, so the IMF team has now done it for them -- using the `DSGE' stochastic model now de rigueur in high economics, loved and hated in equal measure.

The finding is startling. Simons and Fisher understated their claims. It is perhaps possible to confront the banking plutocracy head without endangering the economy.

Benes and Kumhof make large claims. They leave me baffled, to be honest. Readers who want the technical details can make their own judgement by studying the text here.

The IMF duo have supporters. Professor Richard Werner from Southampton University - who coined the term quantitative easing (QE) in the 1990s -- testified to Britain's Vickers Commission that a switch to state-money would have major welfare gains. He was backed by the campaign group Positive Money and the New Economics Foundation.

The theory also has strong critics. Tim Congdon from International Monetary Research says banks are in a sense already being forced to increase reserves by EU rules, Basel III rules, and gold-plated variants in the UK. The effect has been to choke lending to the private sector.

He argues that is the chief reason why the world economy remains stuck in near-slump, and why central banks are having to cushion the shock with QE.

"If you enacted this plan, it would devastate bank profits and cause a massive deflationary disaster. There would have to do `QE squared' to offset it," he said.

The result would be a huge shift in bank balance sheets from private lending to government securities. This happened during World War Two, but that was the anomalous cost of defeating Fascism.

To do this on a permanent basis in peace-time would be to change in the nature of western capitalism. "People wouldn't be able to get money from banks. There would be huge damage to the efficiency of the economy," he said.

Arguably, it would smother freedom and enthrone a Leviathan state. It might be even more irksome in the long run than rule by bankers.

Personally, I am a long way from reaching an conclusion in this extraordinary debate. Let it run, and let us all fight until we flush out the arguments.

One thing is sure. The City of London will have great trouble earning its keep if any variant of the Chicago Plan ever gains wide support.

Pretty sure if this were to happen Iraqi currency would increase in value. Iraq has a GDP similar to Greece but a currency way way way worse than it.

1 comment:

  1. I don't trust anything that the turkeys at the IMF say. They have too long of a track record of deception. This very well could be another long con.

    ReplyDelete